Deal designed to strengthen Pittsburgh-based company’s shredding operations.
The records management firm Business Records Management LLC (BRM), based in Pittsburgh, has acquired the records and information storage and document destruction business and related assets of The Paper Exchange, also based in Pittsburgh. BRM says the acquisition is designed to position the company as a regional leader in the information management industry by complementing its existing information management solutions with The Paper Exchange’s mobile- and plant-based shredding services. (The Paper Exchange was profiled in the September/October 2011 issue of Storage & Destruction Business magazine.)
The acquisition of The Paper Exchange follows BRM’s acquisition of Underground Archives in April 2012. According to BRM, which operates facilities in Pittsburgh, Erie and Johnston, Pa., the two acquisitions are part of the company’s larger strategy to improve and expand its business in the information management industry.
Joe Gross, BRM director of sales and account management, says the acquisition of The Paper Exchange brings the number of buildings the company operates to 16, which includes two underground storage facilities. The company will retain The Paper Exchange facility as a shredding location.
BRM offers a variety of information management services, including physical document storage, secure destruction, data tape management, electronic vaulting, data center backup services and document imaging.